North Sea contractor Awilco Drilling has completed the sale of the semisub rig WilPhoenix to Aberdeen-based decommissioning specialist Well-Safe Solutions.
to Aberdeen-based decommissioning specialist Well-Safe Solutions.The agreed purchase price for the 1982-built semi, which will continue as Well-Safe Defender, was around $15.5m.
Awilco Drilling also stated that the short-term shareholder loan of up to $4m with Awilhelmsen Offshore and QVT Family Office Fund was repaid concurrently with this transaction.
The 1983-built WilHunter, Awilco Drilling’s other semi-submersible, is in the process of being sold for recycling, leaving the Oslo-listed company with no assets.
